Argo Blockchain Shareholders Reject New Equity Incentive Plan at AGM

By Jaime Llinares Taboada

Argo Blockchain PLC on Monday disclosed that its shareholders rejected the company’s new equity incentive plan.
A resolution to approve the plan only received 33.30% of shareholder support at the annual meeting, the cryptocurrency miner said.

All other resolutions were passed but also received some shareholder opposition. A proposal to waiver pre-emption rights was passed with 75.55% of support, a request for authority to allot shares received 78.38%, and the company’s remuneration policy got 76.76% of support.
Shares at 1417 GMT were up 3.6% at 145 pence.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT